<p>Results Briefing for the Fiscal Year 2019</p>

NISSIN CORPORATION is a transport company.  The Company provides port-harbor, land, air transport services, and warehousing.  Nissin has operation bases overseas including the United States, China, Europe, and Russia.

Results Briefing for the Fiscal Year 2019

CSR Report 2019

Japan

MEIKO TRANS CO., LTD. operates port-harbor transport facilities in the Nagoya area.  The Company also provides truck, air freight, and coastal transportation and cargo handling services and manages warehousing.  Meiko has overseas subsidiaries and operates international intermodal transportation as well.

ISEWAN TERMINAL SERVICE CO., LTD. mainly provides port-harbor transportation services at Nagoya port.  The Company transports steel products, iron ore, industrial machinery, chemical products, and various dry consumer and agricultural goods.  Isewan Terminal Service also offers ground transportation and warehousing services.

AGP CORPORATION supplies electricity and air-conditioning to airplanes.  The Company also maintains buildings and facilities at airports.

TOYO WHARF & WAREHOUSE CO., LTD. operates wharf warehousing and integrated port-land transportation businesses.  The Company specializes in special-purpose warehouses and facilities for grain and imported vegetables.  Toyo Wharf & Warehouse also provides real estate leasing services.

DAITO KOUN CO., LTD transports imported cargoes including mostly frozen foods. The Company also operates truck transportation, customs clearing, and warehousing businesses.

RINKO CORPORATION is a marine transport company based at Niigata Port.  The Company also provides truck transportation, warehousing and storage, and freight handling services.  Rinko also leases real estate, sells and repairs construction machinery, and operates customs brokerage.

FUSHIKI KAIRIKU UNSO CO., LTD. provides warehousing and harbor transportation services.  The Company has regular liner cargo services to China, South Korea, South East Asia, Russia, the United States, and Europe.  The Company also provides freight rail and truck transportation services and leases real estate.

SAKURAJIMA FUTO KAISHA, LTD. provides marine transportation and warehousing services at the Osaka Bay areas.  The Company mainly handles imported raw materials, petroleum products, and frozen food.  The Company also provides land transportation, customs clearance, and insurance agency services.

HAMAKYOREX CO., LTD. provides trucking, warehousing, and other related services. The Company's trucking services include distribution for retail firms such as large supermarkets.  Hamakyorex develops integrated distribution system.

Maruzen Showa Unyu Co., Ltd. provides van truckload, international logistics, marine cargo transportation, cargo handling, air cargo transportation, and warehousing services.  The Company has consignors of NKK Corp. and Showa Denko and transports Fuji Photo Film exports.  The Company offers customs clearing services and leases real estate as well.

Tianjin Port Development Holdings Limited operates container terminals in China.  The company provides container handling operations, stacking and warehousing services and non-containerized cargo services.

Jiangsu Lianyungang Port Co., Ltd. mainly operates port and other related services including loading and unloading, storage, port equipment rentals and maintenance services.

Bintulu Port Holdings Berhad operates as a holding company. The Company, through its subsidiaries, provides port services. Bintulu Port Holdings serves customers in Malaysia.

Chongqing Gangjiu Co., Ltd. provides inland water freight and passenger transportation and support services including loading and unloading, storage, and ship repair services.  The Company also operates in commercial trading.

Heilongjiang Transportation Development Co Ltd. invests, develops, builds and operates toll roads.It mainly engages in the operation of Hada Expressway and service facilities along Hada Expressway.

Heilongjiang Transportation Dvlp (601188 CH)

Zhuhai Port Co., Ltd. Zhuhai S.E.Z. is an investment holding company.  Through its subsidiaries, the Company develops real estate, provides port transportation services, manufactures pharmaceuticals, and operates in import and export trading.

Zhangjiagang Freetrade Science and Technology Co., Ltd. operates in port storage and transportation, machine-made paper manufacturing, electronic services, and saponin manufacturing.

Zhangjiagang Freetrade Sci &Tech (600794 CH)

Xiamen Port Development Co., Ltd. maintains and manages toll roads and bridges. Through its subsidiaries, the Company also manufactures and markets concrete and other building materials.

Xiamen Port Development Co, Ltd. (000905 CH)

PT Citra Marga Nusaphala Persada Tbk constructs, operates, and manages toll highways systems.  The Company derives its revenue primarily from toll gate proceeds, project management fees, and related services.

Ocean Wilsons Holdings Ltd. is an investment holding company.  The Group's operations include towage, lighterage contracting, stevedoring, ship building and repairing, tug and launch services, warehousing and agricultural merchanting.  The Group has operations in Bermuda and Brazil.

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